Tuesday, August 13, 2013

Jones Lang LaSalle Completes Deer Valley Land Purchase in North Phoenix, AZ for planned 169,000 SF Industrial Project by The Mack Co.

  
Rendering of planned 169,000-SF Class A industrial development in North Phoenix, AZ


Steve Sayre
PHOENIX, AZ – Industrial experts in the Phoenix office of Jones Lang LaSalle have completed a 9.4-acre land purchase for The MACK Company. The buyer will soon kick off construction at the site for the development of MACK Pinnacle, a new 169,000-square-foot, Class A industrial development.

Pat Harlan
Located just west of the southwest corner of Pinnacle Peak Road and 7th Street in north Phoenix, the land for MACK Pinnacle sold for $2,685,000. The new project is scheduled  for completion in May 2014.

The Jones Lang LaSalle team of Executive Vice Presidents Steve Sayre and Pat Harlan, and Associate Kyle Westfall, along with Jones Lang LaSalle Managing Directors Mark Detmer and Bo Mills, represented The MACK Company.

Kyle Westfall
Luke Lewis of Luke Land Realty represented the seller, 7th Street & Airport Drive II, LLC.

According to JLL, MACK developed approximately 500,000 square feet of industrial product in the submarket almost a decade ago.

Mark Detmer
Their new project, MACK Pinnacle, will encompass two Class A industrial buildings, one at 90,757 square feet and 30-foot clear height and the other at 78,281 square feet and 24-foot clear height.

Additional features include A-1 light industrial zoning, ESFR sprinkler system and a location on a major intersection with immediate access to the two main transportation corridors in the submarket, Interstate 17 and the Loop 101 freeway.

Bo Mills



For a complete copy of the company’s news release, please contact:

Stacey Hershauer
480.600.0195

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